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Choosing the Right Entity Structure for Your Business
Selecting the correct legal structure for your business is one of the most important decisions you'll make as an entrepreneur. It affects everything from how much you pay in taxes to your personal liability, ability to raise capital, and day-to-day operations.
At Elevation Tax, we help you navigate this decision with clarity and confidence.
Why Entity Structure Matters
The right entity structure can:
- Minimize your tax liability
- Protect your personal assets
- Simplify compliance and reporting
- Support your long-term business goals
Choosing the wrong structure can lead to unnecessary taxes, legal exposure, and administrative headaches.
Common Business Entity Types
- Sole Proprietorship
Simple and inexpensive, but offers no liability protection. - Partnership
Ideal for businesses with multiple owners, but liability can be shared. - Limited Liability Company (LLC)
Offers flexibility and liability protection, with options for how you are taxed. - S-Corporation
Allows profits to pass through to owners while avoiding double taxation. - C-Corporation
Best for businesses planning to raise capital or go public, but subject to double taxation.
How We Help
Our process is designed to make entity structuring simple and strategic:
- Entity Review & Consultation
We assess your business goals, financial situation, and risk profile to recommend the best structure. - Tax Impact Consideration
We consider the tax implications of electing one entity versus another for your business, ensuring you keep more of the money you earn. - Entity Formation & Compliance
Out team handles all the paperwork to get your entity structure in place. This includes the articles of incorporation or organization, Employer Identification Number (EIN) registration, and all required state and federal compliance filings. - Ongoing Support
As your business grows or as you start new ventures, we revisit your structure to ensure it still aligns with your goals.
Let's Talk About Your Business
Whether you are just starting out or are considering restructuring, our advisors are here to help you make the best decision for your future.
Schedule a free consultation today to discuss the best entity structure for your situation.